Every country has different policies and that makes a large disparity between countries. The richest country compare the poorest country, can be totally different. In rich country people can vast thousand ton food everyday and in poor country they have a lot of people died because food shortage. Also the rich have beautiful buildings, advanced technology, and good policies. The poor country have nothing. Let’s see how different between four counties.
Country
Population
GDP(million dollars)
Real GDP per capita(dollars)
GDP Rank
England
62222000
2258565
35728
6
Germany
81603000
3305898
39442
4
Estonia
1333000
19220
13509
98
Denmark
5526000
304555
55942
32
From this table, we can see the relationship between population, GDP, and GDP rank. The first country is England. England is one of the first budding capitalism countries in the world. England is also the richest country. In 2008, the GDP per capita was 35728 dollars. The second country is Germany. Germany is a sociality country. This country was very rich, but after WWⅡ，the economic of Germany was in the darkness period. After the dark time Germany were started rebuilt the economy and thirty years later today, Germany is one of the rich countries in the world and more richer than England. In 2006, the GDP per capita was about 39442 dollars. The third country is Estonia. Estonia is a small country, it just have about one million people in that country. The real GDP per capita was 13509 dollars on 2008. The last country is Denmark. Denmark is also a small country, is similar with Estonia, but Denmark is a capitalism country. Although this is a small country and is not poor, the real GDP per capita was 55942 dollars in 2008, and GDP per capita was 43 thousand dollars.
This is the total GDP for each country. We can see the Germany is the highest in the four countries. Then is England. Estonia is lowest. Also from the last table, we can know Germany and England GDP are in top 10 in the world GDP rank. Estonia GDP is in top 100, I think one of the reason is because this country is very small and population is not so much.
This is the personal disposable income, which means if you earn 100 dollars, how many you can cost it. We can see Denmark is the highest. It means Denmark can spend a lot on their money. Germany is the second, the last is Estonia. From this graph we can know Denmark is very rich.
To estimate a country is rich or poor, it can’t just see the GDP in this country. The other criterion to know is the Engel’s Coefficient. It means how many percent about the food money over the total money. If the percent number is higher which means the country is very poor, if is the percent is low and means the country is rich. Engel’s Coefficient is another way to estimate the rich and poor. Because although some countries GDP is high, but there are has a large different between the rich people and poor people. The average number can not estimate very exactitude. So sometimes we need to figure out the gap between the rich people and the poor people.
This is the total GDP for each country. We can see the Germany is the highest in the four countries. Then is England. Estonia is lowest. Also from the last table, we can know Germany and England GDP are in top 10 in the world GDP rank. Estonia GDP is in top 100, I think one of the reason is because this country is very small and population is not so much.
This is the personal disposable income, which means if you earn 100 dollars, how many you can cost it. We can see Denmark is the highest. It means Denmark can spend a lot on their money. Germany is the second, the last is Estonia. From this graph we can know Denmark is very rich.
To estimate a country is rich or poor, it can’t just see the GDP in this country. The other criterion to know is the Engel’s Coefficient. It means how many percent about the food money over the total money. If the percent number is higher which means the country is very poor, if is the percent is low and means the country is rich. Engel’s Coefficient is another way to estimate the rich and poor. Because although some countries GDP is high, but there are has a large different between the rich people and poor people. The average number can not estimate very exactitude. So sometimes we need to figure out the gap between the rich people and the poor people.